TMB Capital Partners LLC Invests $1.52 Million in iShares Select Dividend ETF $DVY

TMB Capital Partners LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,795 shares of the company’s stock, valued at approximately $1,524,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after buying an additional 256,434 shares in the last quarter. Morgan Stanley lifted its holdings in iShares Select Dividend ETF by 3.6% in the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after acquiring an additional 224,125 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of iShares Select Dividend ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after purchasing an additional 69,658 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of iShares Select Dividend ETF by 3.9% during the 4th quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after purchasing an additional 114,490 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.3%

Shares of DVY opened at $153.30 on Friday. The company has a 50-day simple moving average of $153.80 and a 200-day simple moving average of $150.56. The company has a market capitalization of $22.55 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 52-week low of $129.94 and a 52-week high of $160.38.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $1.2472 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 15th.

iShares Select Dividend ETF Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.